Ah, the sweet scent of crypto-mania fills the air once more! Investors, blinded by the allure of digital gold, have flocked to their respective Bitcoin and Ether exchange-traded funds (ETFs) in a frenzy not seen since the days of the great pumpkin himself, Donald Trump.
On this glorious Thursday, the US spot Bitcoin ETFs witnessed a staggering influx of $1.17 billion, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) and Fidelity’s Wise Origin Bitcoin Fund leading the charge with $448 million and $324 million, respectively. This near-record influx came as Bitcoin soared to new heights, surpassing the $113,800 mark and continuing its relentless rally into Friday.
Meanwhile, Ether spot ETFs were not to be outdone, with a total net inflow of $383.1 million on Thursday, marking the second-highest net inflow in history for these funds. BlackRock’s iShares Ethereum Trust ETF (ETHA) took the lion’s share with a whopping $300.9 million in net inflows, setting a new record for the fund.
In a recent X post, NovaDius Wealth Management president Nate Geraci noted that the near-record inflows occurred despite legacy financial advisers’ hesitation to offer Bitcoin or Ether spot ETFs. “Major platforms such as Vanguard are still gatekeeping these ETFs,” Geraci added.
Bitcoin demand outpacing production: a tale of two coins
Both Bitcoin and Ether spot ETFs are now absorbing the net issuance of their respective coins. In the past 24 hours, ETH net issuance stood at 2,110 ETH, worth approximately $6.33 million, according to the Ethereum tracking website Ultra Sound Money. This far exceeds Thursday’s total net inflow into Ether spot ETFs, which stood at $383.1 million.
Meanwhile, Strategy and the US Bitcoin ETFs have collectively bought Bitcoin worth $28.22 billion in 2025, while Bitcoin miners’ net new issuance has amounted to $7.85 billion during the same period, according to Galaxy Research.
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2025-07-11 10:01